Remain short | 23 March 2018

Wave Analysis:

Perfectly as previously forecasted, after bouncing from the hourly resistance zone 0.6936-0.7245, Ripple has been inn a steady move to the lower side. Today and in the next few days, we expect a possible extension of the impulsive wave (5) to the lower side and should break below 0.4900 towards last year's lowest low 0.2300. As long as the price remains below this just mentioned zone, we expect a possible extension to the lower side. This view can only be rendered futile in case the price breaks above 0.7245, this being the case, we expect a rally towards 1.0590.

Trade Recommendations:

Remain short towards 0.4900